World Gold Council

The World Gold Council (WGC) is a global organization representing the interests of the gold mining industry. Founded in 1987 and headquartered in London, it brings together leading mining companies worldwide. As of 2017, it comprised around 20 member companies and maintained offices in seven major financial and commodity hubs, including New York, London, Beijing, Mumbai, and Singapore.

The WGC’s mission is to support and promote the strategic use of gold across four key sectors:

• Investment
• Jewelry
• Technology
• Public institutions and central banks

The organization provides market intelligence, economic analysis, research, and policy guidance. It regularly publishes reports on global gold supply, demand, and price trends, offering valuable insights for investors, governments, and financial institutions.

A key objective of the WGC is to position gold as a strategic and diversified asset within modern financial systems. It actively promotes transparency and trust in the gold market, for example through initiatives such as gold-backed ETFs and collaboration with regulators and financial institutions.

In addition, the Council contributes to the development of standards for responsible and sustainable gold mining and engages in initiatives aimed at improving transparency and ethical practices across the global gold supply chain.